Mideast IT spend to hit $50bn in 2009

03 June 2009

Ibrahim Lari, chief executive of Abu Dhabi-based Injazat Data Systems, said the Middle East will see spending of $50bn in 2009 in IT, with the Gulf region spending about $12bn. He also predicted double digit growth in the sector by 2012 at the latest. IT spending in the Middle East in 2008 was almost $50bn, up from around $30bn in 2007, he said.

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